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The Zacks Consensus Estimate for UEC’s revenues for the quarter under review is pegged at $9 million compared with nil revenues in the year-ago quarter. The estimate for earnings is pegged at a loss of four cents per share compared to the loss of seven cents in the year-ago quarter. The estimate has remained unchanged over the past 30 days.
Image Source: Zacks Investment Research
Uranium Energy’s Earnings Surprise History
UEC’s earnings missed the consensus estimate in two of the trailing four quarters and beat it in the remaining two quarters. The company has an average surprise of negative 18.33%.
Image Source: Zacks Investment Research
What the Zacks Model Unveils for UEC
Our proven model does not conclusively predict an earnings beat for Uranium Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.
You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Uranium Energy is 0.00%.
Zacks Rank: UEC currently carries a Zacks Rank of 2.
Factors Likely to Have Shaped Uranium Energy’s Q4 Performance
Uranium Energy is primarily engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium projects located in the United States, Canada and the Republic of Paraguay. The company has identified the existence of mineralized materials for certain uranium projects, including the Palangana Mine, Christensen Ranch Mine (collectively the ISR Mines), Red Desert, Green Mountain, Roughrider and Christie Lake Projects.
However, the company has not yet established proven or probable reserves. Despite having commenced uranium extraction at its in-situ recovery (ISR) mines, it remains classified in the “Exploration Stage” (as defined by the United States Securities and Exchange Commission) and will continue to hold this status until proven or probable reserves are confirmed.
Uranium Energy reported no sales in the third quarter of fiscal 2026 as it did not record any purchased-uranium inventory sales in the period. During the quarter, the company produced 32,195 pounds of uranium concentrate and, as of April 30, 2026, held 1,456,000 pounds of purchased uranium concentrate inventory. UEC had previously guided for higher production in the fourth quarter, with Christensen Ranch header houses and Burke Hollow expected to contribute for the full quarter.
Average uranium prices increased 16% year over year to approximately $85.19 per pound during the May-July 2026 period. Against this backdrop, UEC is expected to have sold a portion of its inventory and production during the quarter. The company did not generate revenues in the year-ago quarter.
UEC is advancing the Roughrider Project through resource expansions and has accelerated development activities at the Ludeman Project. Delineation drilling is also underway at the Sweetwater Project. The company’s other uranium projects are expected to remain in operational readiness, with related expenditures for regulatory and mine permit compliance, lease maintenance obligations and necessary workforce maintenance adding to expenses.
Uranium Energy is thus likely to have incurred higher operating expenses in the fourth quarter. These include increased exploration and development spending, along with higher general and administrative expenses. The latter is expected to reflect higher salaries, wages and management fees resulting from personnel additions and company-wide salary adjustments to account for inflation. Overall, the higher expenses are expected to have offset the increase in revenues and resulted in a loss for UEC in the fourth quarter of fiscal 2026.
Uranium Energy Stock’s Price Performance
Uranium Energy’s shares have declined 18.1% in the past year against the industry’s 34.1% growth.
Image Source: Zacks Investment Research
Earnings Performance of UEC’s Peers
Cameco Corporation (CCJ - Free Report) total revenues were down 7% to CAD 814 million ($588 million) in the second quarter of 2026 (ended June 30, 2026) due to weaker performance in both segments. Uranium sales volumes fell 18% to 7.1 million pounds, reflecting normal quarterly delivery timing and Cameco's disciplined contracting strategy, which calls for lower planned deliveries in 2026.
Cameco’s adjusted earnings fell 75% year over year to CAD 0.18 per share (13 cents), primarily due to lower uranium sales volumes and a sharp decline in equity earnings from Westinghouse.
Energy Fuels’ (UUUU - Free Report) second-quarter 2026 (ended June 30, 2026) revenues surged 496% to $25 million. UUUU posted a loss of 13 cents per share, wider than last year's quarter’s loss of 10 cents. Energy Fuels sold 310,000 pounds of uranium at an average realized price of $80.48 per pound. This included 150,000 pounds sold in the spot market and the remaining 160,000 pounds under long-term contracts.
Ur-Energy Inc. (URG - Free Report) generated revenues of $14.37 million in the second quarter of 2026 compared with $10.44 million in the year-ago quarter. Ur-Energy sold 215,000 pounds of uranium during the quarter compared with 165,000 pounds in the second quarter of 2025. Ur Energy reported a quarterly loss of four cents per share, which was in line with the year-ago quarter.
View the Zacks #1 Rank List
Image: Bigstock
UEC Gears Up to Report Q4 Earnings: What's in Store for the Stock?
Key Takeaways
Uranium Energy (UEC - Free Report) is expected to report a loss when it reports fourth-quarter fiscal 2026 results next week.
The Zacks Consensus Estimate for UEC’s revenues for the quarter under review is pegged at $9 million compared with nil revenues in the year-ago quarter. The estimate for earnings is pegged at a loss of four cents per share compared to the loss of seven cents in the year-ago quarter. The estimate has remained unchanged over the past 30 days.
Image Source: Zacks Investment Research
Uranium Energy’s Earnings Surprise History
UEC’s earnings missed the consensus estimate in two of the trailing four quarters and beat it in the remaining two quarters. The company has an average surprise of negative 18.33%.
What the Zacks Model Unveils for UEC
Our proven model does not conclusively predict an earnings beat for Uranium Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.
You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Uranium Energy is 0.00%.
Zacks Rank: UEC currently carries a Zacks Rank of 2.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors Likely to Have Shaped Uranium Energy’s Q4 Performance
Uranium Energy is primarily engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium projects located in the United States, Canada and the Republic of Paraguay. The company has identified the existence of mineralized materials for certain uranium projects, including the Palangana Mine, Christensen Ranch Mine (collectively the ISR Mines), Red Desert, Green Mountain, Roughrider and Christie Lake Projects.
However, the company has not yet established proven or probable reserves. Despite having commenced uranium extraction at its in-situ recovery (ISR) mines, it remains classified in the “Exploration Stage” (as defined by the United States Securities and Exchange Commission) and will continue to hold this status until proven or probable reserves are confirmed.
Uranium Energy reported no sales in the third quarter of fiscal 2026 as it did not record any purchased-uranium inventory sales in the period. During the quarter, the company produced 32,195 pounds of uranium concentrate and, as of April 30, 2026, held 1,456,000 pounds of purchased uranium concentrate inventory. UEC had previously guided for higher production in the fourth quarter, with Christensen Ranch header houses and Burke Hollow expected to contribute for the full quarter.
Average uranium prices increased 16% year over year to approximately $85.19 per pound during the May-July 2026 period. Against this backdrop, UEC is expected to have sold a portion of its inventory and production during the quarter. The company did not generate revenues in the year-ago quarter.
UEC is advancing the Roughrider Project through resource expansions and has accelerated development activities at the Ludeman Project. Delineation drilling is also underway at the Sweetwater Project. The company’s other uranium projects are expected to remain in operational readiness, with related expenditures for regulatory and mine permit compliance, lease maintenance obligations and necessary workforce maintenance adding to expenses.
Uranium Energy is thus likely to have incurred higher operating expenses in the fourth quarter. These include increased exploration and development spending, along with higher general and administrative expenses. The latter is expected to reflect higher salaries, wages and management fees resulting from personnel additions and company-wide salary adjustments to account for inflation. Overall, the higher expenses are expected to have offset the increase in revenues and resulted in a loss for UEC in the fourth quarter of fiscal 2026.
Uranium Energy Stock’s Price Performance
Uranium Energy’s shares have declined 18.1% in the past year against the industry’s 34.1% growth.
Image Source: Zacks Investment Research
Earnings Performance of UEC’s Peers
Cameco Corporation (CCJ - Free Report) total revenues were down 7% to CAD 814 million ($588 million) in the second quarter of 2026 (ended June 30, 2026) due to weaker performance in both segments. Uranium sales volumes fell 18% to 7.1 million pounds, reflecting normal quarterly delivery timing and Cameco's disciplined contracting strategy, which calls for lower planned deliveries in 2026.
Cameco’s adjusted earnings fell 75% year over year to CAD 0.18 per share (13 cents), primarily due to lower uranium sales volumes and a sharp decline in equity earnings from Westinghouse.
Energy Fuels’ (UUUU - Free Report) second-quarter 2026 (ended June 30, 2026) revenues surged 496% to $25 million. UUUU posted a loss of 13 cents per share, wider than last year's quarter’s loss of 10 cents. Energy Fuels sold 310,000 pounds of uranium at an average realized price of $80.48 per pound. This included 150,000 pounds sold in the spot market and the remaining 160,000 pounds under long-term contracts.
Ur-Energy Inc. (URG - Free Report) generated revenues of $14.37 million in the second quarter of 2026 compared with $10.44 million in the year-ago quarter. Ur-Energy sold 215,000 pounds of uranium during the quarter compared with 165,000 pounds in the second quarter of 2025. Ur Energy reported a quarterly loss of four cents per share, which was in line with the year-ago quarter.